CME Group
Sydney, Australia hedge fund VGI Partners boosted its position in CME Group in the third quarter of 2020 by purchasing 11,505 more shares, thereby bringing it to a total of 625,550. This makes for 13.8 percent of the company’s portfolio value, a 2.1 percent increase from the second quarter.
CME became VGI’s third stock pick, trailing behind Mastercard and Amazon. The derivatives marketplace, located in Chicago, Illinois, claims it beats other exchanges, namely COMEX, CME, NYMEX, and CBOT. In February 2021, CME announced that it exceeded fourth-quarter revenue and earnings predictions.
